Patrick Gruhn, former executive of FTX's European division, has launched UpsideOnly, an AI-driven trading platform, through his company Perpetuals.com Ltd. The platform, unveiled on May 19, enables users to crowdsource simulated trades on various assets, including oil, gold, and stocks. UpsideOnly employs AI models to identify potentially profitable trading signals and executes these trades using its own capital. Profits from successful trades are shared, with half distributed to the traders who contributed effective signals.